危机就是转机!!
The Chinese use two brush strokes to write the word "Crisis". One brush stroke stands for Danger, the other for Opportunity. In a Crisis, be aware of the Danger but recognise the Opportunity. - Former US President Richard Nixon

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Friday, March 26, 2010

Wall Street closed mixed in overnight trade as a weak
U.S. bond auction and global debt concerns continued
to weigh on investor sentiment. Dow gained 5 points,
S&P 500 lost 2 points while Nasdaq dropped 1 points.
After hitting fresh 18-month high, the indexes are taking
a break and ready for the first-quarter earning result
in the coming weeks.

Yesterday market was quite boring except for a few
Hot stocks still marching on, but Genting and Sound Global
came back to live after the afternoon break. Genting closed
92.5cts, we shall see whether it it will breach the 92cts support
again, and head toward the 98cts resistance level. On my side,
I would like to see it consolidate for a while before the next
surge, but we shall see what it turn out to be.
Sound Global fell below the 95cts support and closed 94cts,
within my expectation as I pointed out that the 95cts support
was fragile and will give way anytime. My personal view is that
this stock is a permanent >$1 stock, but it need to take a break now.

I am watching Broadway's next move if the strong tech wind blow
again. If you looked at the Top Volume stocks last few days, you
will noticed more techs up and running, like DMX, Armstong etc.
It is the right time to start to monitor the techs, as they just may stage
a low-awaited rally this year.

Market looks weak now, but if and when possible, stick to
the greens, or else take a long weekend break away from the
trading screen. I maybe doing so today as my mind is feeling a
bit of strain, and I need to recharge with some out-of-the-market activities.

Enter any position with a Cut-loss level & Trailing Stop,

and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.

If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.

Thursday, March 25, 2010

Wall Street closed in the red in overnight trade as
"Portugal's credit rating downgrade and a weak Treasury
note auction stirred concerns about sovereign debt."
Dow was lower by 53 points, S&P 500 dropped 6
points while Nasdaq fell 16 points. It is good to take
a break after the indexes surged to multiple month high,
but it will all be back, at least for the next 2-3 months.

Yesterday, the only stock that I strongly recommended
in my blog is Broadway. I commented that Genting and
Sound Global are not the stock to be trading now. Some
readers got my clear point, and went into Broadway, and
was rewarded handsomely. Most earned at least a 5cts
profits on the stocks, and is still holding it till today's trading.
Expect consolidation at the beginning stage, but if the wind
come back in, then jump in above yesterday's day-high.

Sometimes it is just so simple to trade purely on support and
resistance level. It is a easy but powerful trading method but
many do not practice it. Genting breached the 92cts resistance
and other than the psychological support of 90cts, the next
significant support is at 86.5cts Will it fall all the way to there?
It is anyone's guess, but Mr Market will show you and me the way.
Sound Global's 95cts support looks fragile and maybe broken.

Market will be weak today so stick to the greens if available
or else just simply sit on the fence and watch the show.
Take note of the techs, they might be Hot again after the short break.

Enter any position with a Cut-loss level & Trailing Stop,
and Please practice strict (Risk)Money-management.
If you don't like what you see in the market,
simply don't trade.

If you have Skype, and would like to chat with me about
stocks and all others, you can ring me at my
email address: stocklobang@yahoo.com
I have currently a couple of members skyping with me
everyday,and they are having good trading results.

Wednesday, March 24, 2010

Wall Street rallied in overnight trade "led by the tech,industrial and materials sectors, driving the Dow andthe S&P 500 to 18-month highs". Dow surged 103 pointsto close at 10888.83 (such a nice impressive number),S&P 500 gained 8 points while Nasdaq added 20 points.Lots of good news and brokerage upgrades this week,and it should give support for a good trading week tomaybe close in a high-note.

Many Hot stocks gave up recent gains yesterday andtook a deserved break. Sound Global fka Epure retraceto exactly the support level that I mentioned in blog.It will bounce around the box unless the trend is set.Genting is still within the 92-98 region although much nearerto the 92cts support level with the 93.5cts close.

Techs have a good run yesterday and at a great timeas other stocks were not performing. Broadway ralliedand the profits was good, and it is staging a test towardthe important $1 mark.Stocks will open on a high note today, but the action willstill stay with a couple of stocks. Techs' momentumis still strong and should move further up.Genting and Sound Global are not really the type of tradingstocks now, and I am waiting for further consolidationto happen before entering again to ride on the wave again.

Enter any position with a Cut-loss level & Trailing Stop,and Please practice strict (Risk)Money-management.If you don't like what you see in the market,simply don't trade.

If you have Skype, and would like to chat with me aboutstocks and all others, you can ring me at myemail address: stocklobang@yahoo.comI have currently a couple of members skyping with meeveryday,and they are having good trading results.

Tuesday, March 23, 2010

Wall Street rose on Monday trading after the "passage ofa bill overhauling the healthcare system ended much ofthe uncertainty about the issue for investors." Dow gained44 points, S&P added 6 points while Nasdaq rose 21 points.It is looking to be another steady trading week unless somethingdrastic can derail the market action.

Ok, it was a pool of red in our market yesterday andmany Hot stocks were taking a break and consolidatewith profit-taking in place but the selling still consideredmild in any sense. In the afternoon session, several Hot stocksrebounded from day-low and closed respectably.

Genting is still within the 92-98cts region, and with its94cts close is much more nearer to the 92cts support level.It is still in consolidate stage and it is not a "trading" stock nowas the uncertainty is higher, so is the gain, but I prefer toenter when it is in my trading range.Sound Global fka Epure back-off from the 1.01 resistancelevel and closed at 98.5cts It should have support around 95ctslevel.

One reader commented that what are some of the IT companiesthat I recommended. I gave a few of the techs in yesterday's blogand I believe you can see that Techcomp was yesterday's winnerstock. Frankly, you need not to have plenty of stocks to win in themarket, you just need to constantly and consistently trade a winnerstock to profit in the market. That is why I keep recommending thesame stocks because they still have upsides and huge profits potential.

Market looks to be quiet today, but I will still track the Hot andwinner stocks for any action. When the right wind blows, are youprepare to enter?

Enter any position with a Cut-loss level & Trailing Stop,and Please practice strict (Risk)Money-management.If you don't like what you see in the market,simply don't trade.

If you have Skype, and would like to chat with me aboutstocks and all others, you can ring me at myemail address: stocklobang@yahoo.comI have currently a couple of members skyping with meeveryday,and they are having good trading results.

Monday, March 22, 2010

I will dive straight into our local stock market tradingview for today. We have a good run recently, and justat the moment, it is not looking to end anytime soon.Rotational interests are still strong, and is seen shiftingand switching to the techs stocks which I have expectedat the beginning of the year. If the strong techs run reallymaterialised then the potential returns will be prettyrewarding as we have witnessed how crazy and wildthe techs can rally into.

I am still reasonably bullish for the market for thenext 3 months, while a bit bearish bias for the 2nd half.Therefore, we just have enjoy the surges while it is still on,and retreat and back-off when the wave is turning.Ok, back to some Hot stocks comment:

Genting closed at 96cts last friday, still taking a break withinthe 92-98cts region. It will be very bullish when it surges passthe 98cts resistance with strong volume and momentum.I am monitoring the situation closely.

Sound Global fka Epure traded with quite low volumelast friday, and I was telling a Skype friend that someretailers may have noticed that the stock is missing!It just got a name change, and "A rose by any other nameswill smell as sweet", so I have no issue with this sort of changes.It finally closed at 1.01, right on the critical line.To me, it need to consolidate before staging another run-up,but I will see what Mr Market dishes out.

Enter any position with a Cut-loss level & Trailing Stop,and Please practice strict (Risk)Money-management.If you don't like what you see in the market,simply don't trade.

If you have Skype, and would like to chat with me aboutstocks and all others, you can ring me at myemail address: stocklobang@yahoo.comI have currently a couple of members skyping with meeveryday,and they are having good trading results.

Chat with me

About Me

Audentes Fortuna Juvat!!!
危机就是转机!!!
I am a Stock Investor/Trader in Singapore
stock market, and I am also involve in some other money-making ventures and constantly looking
out for opportunities to make even more $$$.
You can contact me at stocklobang(at)yahoo.com